Biden Touts Advanced Chips Manufacturing in Visit to Arizona Semiconductor Plant
President Joe Biden's visit Tuesday to a massive construction project in north Phoenix highlighted Arizona's role in a major U.S. policy shift on semiconductor manufacturing. The Biden administration is pushing to boost domestic chips manufacturing with more than $50 billion in subsidies in the new CHIPs and Science Act. The president's visit to the new fabrication facility being built by Taiwanese chips giant TSMC came as the firm announced it would build a second fabrication facility and triple its investment in Phoenix to $40 billion. Biden says it is good news for TSMC's biggest customer, Apple. "These are the most advanced semiconductor chips on the planet. Chips will power iPhones and MacBooks," Biden said. "Apple had to buy all the advanced chips from overseas. Now, they are going to bring…